Bend Oregon Residential Rent and Rental Statistics
The median monthly gross residential rent in Bend, OR (the Bend metro area) was $1,388 in 2019 according to the Census ACS survey.1 Average gross rent in Bend was $1,379 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Bend median and average rent data will be released in September of 2021.
Data is also available below for Bend rental vacancy rates, Bend rent as a percent of median income and the fraction of renters in Bend.
Real Gross Rent in Bend Oregon (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Oregon Median Gross Rent | $1,185 | +3.04% | +11.48% |
| Bend, OR Median Gross Rent | $1,388 | +15.00% | +15.28% |
Bend, OR Real Gross Rent Trends
At $1,388, real median gross rent in Bend was at its highest level in 2019 since the series began in 2005. At $1,379, real average gross rent in Bend was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Bend: Bend OR Median, Bend OR Average, Oregon Median, US Median
Real Gross Rent History for Bend
| Date | US Median |
Oregon Median |
Bend, OR Median |
Bend, OR Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,185 | $1,388 | $1,379 |
| 2018 | $1,077 | $1,150 | $1,207 | $1,195 |
| 2017 | $1,043 | $1,113 | $1,213 | $1,221 |
| 2016 | $1,027 | $1,063 | $1,204 | $1,235 |
| 2015 | $1,017 | $1,000 | $1,042 | $1,070 |
| 2014 | $986 | $976 | $998 | $1,068 |
| 2013 | $953 | $934 | $948 | $991 |
| 2012 | $940 | $917 | $918 | $949 |
| 2011 | $941 | $907 | $995 | $1,040 |
| 2010 | $955 | $912 | $972 | $1,037 |
| 2009 | $960 | $933 | $987 | $1,047 |
| 2007 | $927 | $873 | $1,014 | $1,034 |
| 2005 | $910 | $861 | $988 | $1,044 |
Bend Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Bend Oregon was 2.63% according to Census ACS data.
Rental Vacancy Rate in Bend Oregon
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Oregon | 4.00% | -0.35% | +0.83% |
| Bend, OR | — | — | — |
Trends in Bend, OR Rental Vacancy Rate
The rental vacancy rate in Bend peaked in 2009 at 8.96%. Since then it has fallen by 6.33% to 2.63%. Data records for this series originated in 2005.
Rental Vacancy Rate: Bend OR, Oregon, US
Historical Rental Vacancy Rate data for Bend
| Date | US | Oregon | Bend, OR |
|---|---|---|---|
| 2019 | 5.97% | 4.00% | — |
| 2018 | 6.15% | 4.35% | — |
| 2017 | 6.18% | 3.80% | 2.63% |
| 2016 | 5.89% | 3.17% | 3.00% |
| 2015 | 5.85% | 3.64% | — |
| 2014 | 6.32% | 3.57% | 4.36% |
| 2013 | 6.49% | 4.45% | 8.63% |
| 2012 | 6.77% | 4.75% | 6.97% |
| 2011 | 7.40% | 5.06% | 8.59% |
| 2010 | 8.17% | 5.60% | 8.52% |
| 2009 | 8.43% | 6.30% | 8.96% |
| 2007 | 7.87% | 5.08% | 8.87% |
| 2005 | 7.74% | 6.39% | — |
Rent as a Fraction of Income
Using median household income data for Bend, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bend, median monthly gross rent as a fraction of median household income was 23.25% in 2019 according to the ACS.
Bend Oregon Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Oregon | 21.21% | -0.17% | +0.03% |
| Bend, OR | 23.25% | +2.19% | +0.94% |
Trends in Bend, OR Rent as a Fraction of Income
The fraction of median Bend household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 23.52%. Since then it has fallen by 0.27% to 23.25%.
Fraction of Income towards Rent: Bend OR, Oregon, US
Historical Data for Annual Rent as a Fraction of Income in Bend Oregon
| Date | US | Oregon | Bend, OR |
|---|---|---|---|
| 2019 | 20.03% | 21.21% | 23.25% |
| 2018 | 20.50% | 21.38% | 21.06% |
| 2017 | 20.13% | 21.50% | 21.29% |
| 2016 | 20.43% | 21.17% | 22.30% |
| 2015 | 20.63% | 20.90% | 20.54% |
| 2014 | 20.89% | 21.71% | 21.81% |
| 2013 | 20.78% | 21.18% | 23.08% |
| 2012 | 20.65% | 21.04% | 21.77% |
| 2011 | 20.70% | 21.53% | 23.52% |
| 2010 | 20.50% | 21.03% | 23.37% |
| 2009 | 20.12% | 20.28% | 19.90% |
| 2007 | 18.66% | 18.30% | 18.51% |
| 2005 | 18.89% | 19.25% | 19.28% |
Renter Fraction in Bend Oregon
You can calculate the renter fraction in Bend in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Bend as a fraction of total Bend households. In 2019 29.27% of households were renters according to Census ACS data.
Bend Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Oregon | 37.12% | -0.39% | -1.19% |
| Bend, OR | 29.27% | -4.72% | -3.58% |
Trends in the Bend, OR Renter Fraction
The Bend household renter fraction peaked in in 2011 at 36.79% and is now 7.52% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Bend OR, Oregon, US
History of Bend Renter Fraction
| Date | US | Oregon | Bend, OR |
|---|---|---|---|
| 2019 | 35.89% | 37.12% | 29.27% |
| 2018 | 36.05% | 37.51% | 33.99% |
| 2017 | 36.13% | 37.20% | 34.76% |
| 2016 | 36.88% | 38.31% | 32.85% |
| 2015 | 36.97% | 38.91% | 35.81% |
| 2014 | 36.90% | 39.28% | 34.37% |
| 2013 | 36.50% | 39.17% | 35.99% |
| 2012 | 36.09% | 38.44% | 35.90% |
| 2011 | 35.42% | 39.22% | 36.79% |
| 2010 | 34.65% | 37.45% | 35.07% |
| 2009 | 34.13% | 36.95% | 31.17% |
| 2007 | 32.80% | 35.41% | 31.58% |
| 2005 | 33.10% | 36.22% | 31.66% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
